12 Brown Protein Powder produces a dietary supplement. The standard cost of producing one unit is:
Material (1.30 pounds × $2.30) $2.99
Labor (1.20 hours × $10.00) 12.00
Overhead ?
Standard variable overhead is $8.00 per unit, and fixed annual overhead is $100,800.
At the start of 2014, expected production was 25,200 units.
During 2014, 30,000 units were produced.
The following information, related to actual costs incurred in 2014, is available:
1. Purchased 40,000 pounds of material for $84,400.
2. Used 39,010 pounds of material.
3. Worked 32,455 labor hours costing $371,700.
4. Actual overhead incurred was $325,600.
Compute the standard overhead rate per unit. (Round answer to 2 decimal places, e.g. 15.25.)